Tag Archives: FTSE

Ladbrokes Coral aims to close gender pay gap

The governance of FTSE-listed bookmaker Ladbrokes Coral Plc has stated that it will work to close its gender pay gap, following the publication of corporate statistics by the UK government. Under the requirements of ‘The 2010 Equality Act’, UK companies with more than 250 staff have to disclose yearly gender pay employee data. Ladbrokes Coral, the UK’s biggest retail betting …

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Scientific Games clears William Hill hurdle in pursuit of NYX Gaming

Scientific Games Corporation (SGC) has released a statement, detailing that it will move to acquire William Hill’s entire 6.8 million ‘ordinary shares and convertibles’ holding in acquisition target NYX Gaming Group. The Nasdaq gambling technology firm, clears a major hurdle in its $630 million pursuit of Toronto TSX-listed NYX (first announced September 2017). Last November, William Hill governance stated to …

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Playtech BGT appoints Lee Drabwell as UK & Ireland Operations lead

Playtech sports betting technology subsidiary, Playtech BGT Sports (PBS) has bolstered its executive leadership team confirming the appointment of former Ladbrokes Managing Director Lee Drabwell as new Chief Operating Officer (COO) for PBS’ UK and Ireland division. A seasoned industry veteran, Drabwell spent 29-years with Ladbrokes serving a number of senior executive roles within the firm’s retail arm. Drabwell left …

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Ladbrokes bridges retail & digital customer engagement delivering new ‘omni-wallet’

Seeking to bridge customer engagement between its retail and digital properties, FTSE bookmaker Ladbrokes has today announced the launch of its ‘omni-wallet’. The payment processing function will be launched across the bookmakers +3,500 retail estates, and has been further integrated within Ladbrokes’ player rewards scheme ‘The Grid’. Updating the media, the bookmaker seeks to create seamless player transactions between Ladbrokes.com …

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On track William Hill set to deliver £40 million in group 2017 savings

Presenting its latest trading update (unaudited 17-week period to 24 October), FTSE-listed bookmaker William Hill Plc details that its corporate performance is ‘in-line with expectations’, as the company seeks to deliver £40 million in annualised cost efficiencies for group reinvestment. Updating the market, William Hill continues its digital recovery, recording a 13% increase in online wagering, combined with 6% net …

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Group Strength…Paddy Power Betfair delivers solid Q3 2017, upping its full-year guidance

FTSE100 betting group Paddy Power Betfair Plc (PPB) has delivered a positive Q3 2017 trading update (period ending 30 September), prompting the group to lift its full-year earnings expectations as the company undertakes a leadership transition. A strong period sports betting performance for PPB’s online and retail divisions saw the firm record a 9% increase in group revenues of £440 …

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Marketing & product refinements help GVC navigate quiet Q3 2016 sports calendar

Issuing its Q3 2017 trading update (period ending 30 September), FTSE-listed online gambling group GVC Holdings has reported a continued strong corporate momentum, recording growth across its key metrics and KPIs. Despite competing against a tough Q3 2016 comparative period which featured the final stages of UEFA Euro 2016, GVC would report a 1% increase in daily wagering to €11.3 …

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Effective integrations see enlarged GVC post ‘solid’ H1 2017 performance

Presenting its H1 2017 interim results (period ending 30 June), FTSE-listed GVC Holdings has detailed strong progress across its digital assets as the company continues to integrate and align its enlarged operations. Detailing strong KPI gains across its sports betting and online casino divisions, GVC would record a 25% increase in group net gaming revenues to €486 million (H1 2016: …

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‘Exceptional costs’ sees 888 record $17 million losses for H1 2017

A turbulent first half of 2017, has seen FTSE-listed online gambling group 888 Holdings declare pre-tax losses of $17.3 million (H1 2016: £21.5 million), with the company impacted by ‘exceptional costs’ of +$50 million recorded during the period. Updating investors, 888 governance reported that the costs would offset a ‘record’ H1 performance for the company, as 888 recorded key metric …

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Ladbrokes Coral says no to GVC’s £3.6 billion takeover bid

The Financial Times has reported that FTSE-listed GVC Holdings has failed in its attempt to takeover UK market rival Ladbrokes Coral Plc. The business news source reports that Ladbrokes Coral governance had reviewed a £3.6 billion group takeover deal, aimed at creating ‘the outright UK gambling market leader’, by merging GVC’s digital gambling brands with Ladbrokes Coral retail and online …

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